<PAGE>
As filed with the Securities and Exchange Commission on December 13, 1995
Securities Act registration no. 33-1398
Investment Company Act file no. 811-4466
- --------------------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
____________________________
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 14
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 16
____________________________
MONETTA FUND, INC.
(Registrant)
1776-A South Naperville Road, Suite 207
Wheaton, Illinois 60187-8133
Telephone number: 708/462-9800
____________________________
Robert S. Bacarella Janet D. Olsen
Monetta Fund, Inc. Bell, Boyd & Lloyd
1776-A South Naperville Road, #207 Three First National Plaza, #3300
Wheaton, Illinois 60187-8133 Chicago, Illinois 60602
(Agents for service)
____________________________
Amending Parts A, B and C and filing exhibits.
It is proposed that this filing will become effective:
X immediately upon filing pursuant to rule 485(b)
---
___ On August 31, 1995 pursuant to rule 485(b)
___ 60 days after filing pursuant to rule 485(a)(1)
___ on ___________________ pursuant to rule 485(a)(1)
___ 75 days after filing pursuant to rule 485(a)(2)
___ on _______________ pursuant to rule 485(a)(2)
<TABLE>
<CAPTION>
===============================================================================================
Proposed Proposed
Title of Maximum Maximum
Securities Amount Offering Aggregate Amount of
Being Registered Being Registered Price Per Unit Offering Price Registration Fee
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Shares of Beneficial Net Asset
Interest, No Par Value at Time
Value 8,358,723/1/ of Sale $131,566,313/2/ $100
===============================================================================================
</TABLE>
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/1/ Based upon a net asset value of $15.74 on December 7, 1995.
/2/ This calculation is made pursuant to Rule 24e-2 under the Investment
Company Act of 1940. The actual aggregate redemption price of shares
redeemed during the Registrant's fiscal year ended December 31, 1995 was
$177,077,724 (11,603,413 shares), of which $45,801,411 was used for
reductions pursuant to paragraph (c) of rule 24f-2 in Registrant's Rule
24f-2 Notice for such period. The aggregate redemption price of redeemed
shares used for reductions in this amendment pursuant to 24e-2(a) is
$131,276,313.
Page 1 of ____ pages (including exhibits)
The index of exhibits is on page _____.
<PAGE>
December 12, 1995
Monetta Fund
1776-A South Naperville Road
Suite 207
Wheaton, Illinois 60187
Ladies and Gentlemen:
Monetta Fund, Inc.
Securities Act Registration No. 33-1398
We have represented Monetta Fund, Inc. a Maryland corporation (the "Fund"),
in connection with the filing with the Securities and Exchange Commission of
Post-Effective Amendment No. 14 to the Fund's registration statement under the
Securities Act of 1933. In this connection, we have examined originals, or
copies certified or otherwise identified to our satisfaction, of such documents
or other records, certifications and other papers as we deem it necessary to
examine for the purpose of this opinion, including the charter of trust and
bylaws of the Fund and resolutions of the board of directors authorizing the
issuance of shares.
Based on the foregoing examination, we are of the opinion that the
8,358,723 shares of common stock being registered by the Fund (the "Shares")
when issued and sold and paid for in accordance with the then applicable
Prospectus included as part of the Registration Statement as then in effect, the
Shares will be duly authorized, validly issued, fully paid and nonassessable by
the Fund.
We consent to the filing of this opinion with the Fund's post-effective
amendment to its registration statement. In giving this consent, we do not
admit that we are in the category of persons whose consent is required under
Section 7 of the Securities Act of 1933.
Very truly yours,
Bell, Boyd & Lloyd
<TABLE> <S> <C>
<PAGE>
<ARTICLE> 6
<LEGEND> This schedule contains summary financial information extracted from the
Form N_SAR and the Financial Statements and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-01-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 326,342
<INVESTMENTS-AT-VALUE> 353,686
<RECEIVABLES> 11,818
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 365,504
<PAYABLE-FOR-SECURITIES> 11,765
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 623
<TOTAL-LIABILITIES> 12,388
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 316,910
<SHARES-COMMON-STOCK> 20,741
<SHARES-COMMON-PRIOR> 25,140
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 353,116
<DIVIDEND-INCOME> 715
<INTEREST-INCOME> 2,017
<OTHER-INCOME> 4
<EXPENSES-NET> 2,483
<NET-INVESTMENT-INCOME> 254
<REALIZED-GAINS-CURRENT> 11,766
<APPREC-INCREASE-CURRENT> 44,858
<NET-CHANGE-FROM-OPS> 56,877
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 12,138
<NUMBER-OF-SHARES-REDEEMED> 80,812
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (11,797)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,770
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,483
<AVERAGE-NET-ASSETS> 354,842
<PER-SHARE-NAV-BEGIN> 14,515
<PER-SHARE-NII> .011
<PER-SHARE-GAIN-APPREC> 2.498
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 17.024
<EXPENSE-RATIO> 1.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
